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Dec 1, 2012
12/12
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we don't want to increase tax rates. we're not going to increase tax rates. >> warner: a white house spokesman shot back that republicans ought not to be surprised that mr. obama is sticking to his guns. and congressional democrats, like house minority leader nancy pelosi, welcomed the president's plan. >> elections have consequences. the president campaigned-- he made it very clear, he made it very clear that he was supporting a tax cut for the middle class, that he wanted the expiration of the tax cuts for the high end. and the american people know that debate, they voted for him. >> warner: still, despite all the tough talk, reporter todd zwillich of wnyc and public radio international says there's more movement behind the scenes than meets the eye. >> there does tend to be a pattern to how big negotiations like this go. the fact that they haven't reached an agreement yet doesn't mean they won't before christmas, doesn't mean they won't before new years. there is a value in doing some public posturing and trying to ge
we don't want to increase tax rates. we're not going to increase tax rates. >> warner: a white house spokesman shot back that republicans ought not to be surprised that mr. obama is sticking to his guns. and congressional democrats, like house minority leader nancy pelosi, welcomed the president's plan. >> elections have consequences. the president campaigned-- he made it very clear, he made it very clear that he was supporting a tax cut for the middle class, that he wanted the...
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Dec 7, 2012
12/12
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republicans say the tax hikes would only hurt job creation. but in arlington, virginia, vice president biden said today's jobs report shows the economy is turning a corner, so it's critical to get a deal. >> there is a sense... there is a sense that if we can reach an- - act like adults and reach an agreement here on the fiscal cliff, the upside is much higher even than the downside is if we don't. >> sreenivasan: biden said the president is willing to consider what he called any serious offer. aides for the two sides were expected to continue talking, through the weekend. wall street was mostly higher on the news from november's jobs report. the dow jones industrial average gained 81 points to close at 13,155. the nasdaq was hurt by another sell-off in apple stock, and fell 11 points to close at 2,978. for the week, the dow gained 1%. the nasdaq lost 1%. this was another tense day across egypt, as a political crisis deepened. tonight, thousands of protesters pushed past army and police outside the presidential palace, demanding that president
republicans say the tax hikes would only hurt job creation. but in arlington, virginia, vice president biden said today's jobs report shows the economy is turning a corner, so it's critical to get a deal. >> there is a sense... there is a sense that if we can reach an- - act like adults and reach an agreement here on the fiscal cliff, the upside is much higher even than the downside is if we don't. >> sreenivasan: biden said the president is willing to consider what he called any...
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Dec 4, 2012
12/12
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tax the rich first. obama, if he got his taxes on the rich, is still $8 trillion short over the next decade. that's where the energy taxes he's going to present and the value added tax that ultimately turns us into a european welfare state only of that can pay for obama's sized government. >> wow. grover, unfortunately we have to leave it there. our discussion of unicorns will continue, i'm sure, at least up until december 31st. thank you for joining us today as always. >> you got it. >> after the break, offer ver ses counteroffer. we will break both down with ezra klein when he joins us next on "now." i gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our env
tax the rich first. obama, if he got his taxes on the rich, is still $8 trillion short over the next decade. that's where the energy taxes he's going to present and the value added tax that ultimately turns us into a european welfare state only of that can pay for obama's sized government. >> wow. grover, unfortunately we have to leave it there. our discussion of unicorns will continue, i'm sure, at least up until december 31st. thank you for joining us today as always. >> you got...
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Dec 6, 2012
12/12
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host: the estate tax or the capital gains tax? guest: the estate tax. host: if it's an asset, you pay capital gains. guest: right. host: we have this comment on twitter from james. guest: corporations would say the businesses are already being taxed. folk should not be taxed for investing in their business. host: double taxation. guest: that is the argument. when people die, they are being taxed again. that is the essence of the argument against the estate tax. host: can you start over? caller: a quick question about the comments of the 401(k). i used to work for a cpa firm. i understand they are income tax deferred instruments. when you take it out, the tax you pay is income tax. the assumption is the rate would be lower. let's say the rate is 25% when you retire. that is higher than the current cap gains tax rate. it does not apply to 401(k)'s or any other income tax deferred instrument. when you take them out, you pay taxes on them. guest: that is correct. you pay income tax and presumably when you retire, you are at a lower tax rate and that is the
host: the estate tax or the capital gains tax? guest: the estate tax. host: if it's an asset, you pay capital gains. guest: right. host: we have this comment on twitter from james. guest: corporations would say the businesses are already being taxed. folk should not be taxed for investing in their business. host: double taxation. guest: that is the argument. when people die, they are being taxed again. that is the essence of the argument against the estate tax. host: can you start over? caller:...
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Dec 7, 2012
12/12
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-- not touch this middle class tax bill. that worst case scenario they could come up with and i think kimberly wrote an op-ed about how the republicans could actually say, hey, he won't deal with us, fine, we'll give him the middle class tax rates and that's it. but you could see we now it's a debate, will it be a small deal like the one we described or the big deal? >> what do you think about boehner and the president both agreeing 0 to get together one-on-one? >> it's about time. you needed the two weeks, i think. you hate to say it. you had to kill some time. you had to let the posturing happen. that's what washington feeds on. fair enough, it's just what they do. >> does this mean that john boehner has the confidence of the republican caucus, that he can go into a negotiating room with the president and not worry about getting, you know, having to pull 12 knifes out of his back after he comes back with a proposal? >> i think the whole thing of political posturing is a big issue n. talking with him and others, there hasn'
-- not touch this middle class tax bill. that worst case scenario they could come up with and i think kimberly wrote an op-ed about how the republicans could actually say, hey, he won't deal with us, fine, we'll give him the middle class tax rates and that's it. but you could see we now it's a debate, will it be a small deal like the one we described or the big deal? >> what do you think about boehner and the president both agreeing 0 to get together one-on-one? >> it's about time....